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The Independent UK
The Independent UK
National
Thomas Kingsley

Bank of England to announce biggest hike in interest rates for 33 years

PA Wire

The Bank of England is expected to unveil the biggest interest rate hike in 33 years on Thursday as it tries to control rising food and energy costs bringing misery to British households.

In a crunch meeting, the nine members of the Monetary Policy Committee (MPC) will make a decision that could push up the amount that millions of mortgage holders have to pay their banks every month.

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